BitConnect Founder Indicted in $2.4B Ponzi Scheme Has Disappeared
Attorneys said efforts to locate Satish Kumbhani could remain unfruitful.
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Mar 1, 2022 at 8:20 a.m. UTC
Mar 1, 2022
Bitconnect
US Justice Department Indicts BitConnect Founder
Satish Kumbhani already faced SEC charges for his role in the "global Ponzi scheme."
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Feb 25, 2022 at 11:32 p.m. UTC
Feb 25, 2022
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DOJ to Sell $56M in Crypto Proceeds From BitConnect Fraud Scam
The agency called the liquidation the largest recovery of assets tied to a cryptocurrency fraud to date.
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Nov 16, 2021 at 6:33 p.m. UTC
Nov 16, 2021
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BitConnect’s Top US Promoter Pleads Guilty to Fraud Charge
Glenn Arcaro faces up to 20 years in prison for his role in the alleged $2 billion Ponzi scheme.
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Sep 2, 2021 at 4:08 p.m. UTC
Sep 2, 2021
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SEC Sues BitConnect Founder on Fraud Charges
CoinDesk’s Nikhilesh De discusses the specifics and implications of the U.S. Securities and Exchange Commission (SEC) filing charges against BitConnect and its founder Satish...
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Sep 2, 2021 at 3:44 p.m. UTC
Sep 2, 2021
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SEC Secures Judgments Against 3 in Bitconnect Scam
One individual must pay more than $3 million and hand over a wallet containing 190 bitcoins.
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Aug 20, 2021 at 5:53 p.m. UTC
Aug 20, 2021
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The Lesson of Bitconnect: Promoters Can Be Liable
The SEC has filed charges against five promoters of the alleged crypto fraud. It's a chance to learn from the mistakes of Trevon James and Co.
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Jun 2, 2021 at 2:50 p.m. UTC
Jun 2, 2021
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Is the SEC’s Bitconnect Ponzi Scheme Lawsuit the Last From the ICO Boom Era?
The U.S. Securities and Exchange Commission (SEC) filed charges against five individuals for their alleged involvement in the Bitconnect crypto platform that collapsed in 2018...
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Jun 1, 2021 at 7:31 p.m. UTC
Jun 1, 2021
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SEC Sues 5 Over Bitconnect Ponzi Case
The SEC has filed a complaint against five Bitconnect promoters over $2 billion in unregistered assets. Lisa Braganca, attorney and former SEC branch chief, joins “First Mover...
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Jun 1, 2021 at 2:32 p.m. UTC
Jun 1, 2021
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SEC Sues 5 Over $2B Bitconnect Ponzi
Bitconnect collapsed in 2018 after state regulators in Texas and North Carolina filed cease-and-desist letters against its lending and exchange platform.
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May 28, 2021 at 7:37 p.m. UTC
May 28, 2021